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Wimbledon Balls

WIMBLEDON has stepped up its battle against internet touts by trying to make the resale of tickets for the tennis championships that start today a criminal offence. The Government is considering new laws that would make it illegal to resell tickets won in the tournament’s public ballot....The spokesman said: “We spend huge amounts of time and money to ensure that Wimbledon tickets originally go to the people who genuinely wish to attend the event themselves. We would welcome any legislation that helps to facilitate this process.” (The Times)

Of course I am naive but I thought selling tickets in an auction was an ideal way of making sure the tickets went to someone who wanted to go - what is it about ticket touts that annoys people so much? I fail to see the difference between a ticket I have bought and no longer want and any other item I have which I want to sell on. just that ingrained hatred of the free market I suppose..

Comments

If you really want to sell Wimbledon tickets to "genuine fans" at below market price (and it's probably in the interest of the tournament and its future profitability to have some "real fans" to provide a suitable crowd atmosphere) then you just need to require the fans to provide you with a passport number, photo driving license number or something similar, and print that, along with the fan's name, on the ticket.

You have now created a class of tickets that have no resale value, and so achieved your aim. Legislation is not required.

Ticket touts can be frustrating if you are forced to pay above face value for tickets, but they can also be a blessing. For example, as has already been mentioned, they enable you to get hold of tickets that are sold out - even if you have to pay slightly more.

But also, there has been many times in the past where the touts have overestimated demand and ended up selling them off on Ebay for well below face value. The system works!

Paul has a point. Speculation is always risky, as was shown recently at Ascot (in York) where a local businessman claimed to have lost over £100,000 on tickets, accomodation and transport. I was amazed at his complaint that "speculators had bought many tickets" iplying that this had given an illusion of demand, he had bought about 700 tickets to the event.

I have no problem with speculation, but there's always a risk it might go belly up, and if it does you can't complain. It might seem easy and big increases on the ticket face value make news, but if it was a one way, easy money trip we'd all be doing it.

"Ticket touts can be frustrating if you are forced to pay above face value for tickets"

Sigh.

The "face" value is meaningless.

The only value of a ticket - or a House, or anything else - is what someone else is willing to pay you for it.

Why is this so hard to understand?

Tim is right, touting is a completely harmless - indeed beneficial - activity which matches up willing buyers with willing sellers.

The only losers are the stupid original owners of the goods (presumably in this case, The All England Club), who are not as clever as Mike O'Leary and can't work out how to maximise their revenues. More fool them.

Touting isnt harmless, that is ignorant BS. A lot of touting is done by CRIMINALS, okay so it is normally only a small criminal offence, but then so is prostitution or selling drugs. It is the side-effects of the criminality that matter.

Another problem with touting is it causes crowd issues. Let's say theres an event that is policed for upto 50,000 but another 20,000 turn up hoping to buy a black-market ticket.

I am sure from a pure economics stand-point touting is capitalism at its best.

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